Gupta's PathIndia, to Harvard, to Boardrooms

1971 Graduates from Indian Institute of Technology.

1973 Receives his M.B.A. from Harvard Business School and joins the New York office of McKinsey & Co.

1994 Becomes world-wide managing director of McKinsey, the top job at the firm.

2003 Steps down as world-wide managing director at McKinsey.

2006 Begins serving as director on Goldman Sachs's board.

2007 Begins serving as director on Procter & Gamble's board.

July 29, 2008 Mr. Gupta and Raj Rajaratnam, founder of Galleon Group, discuss a Goldman Sachs board meeting in which the possibility of the Wall Street bank buying AIG or Wachovia during the financial crisis was discussed. Prosecutors never allege that Mr. Rajaratnam traded on that information. According to a wiretap of the phone call, Mr. Gutpa said:

'Yeah, this was a big discussion at the board meeting, on whether we buy a commercial bank. And it was a divided discussion in the board. I think more people saying, 'Why,' because in essence it's a lower return business…They are an opportunistic group. So if Wachovia was a
good deal, it's quite conceivable they'd come and say, 'Let's go buy Wachovia' …or even AIG. AIG. It was definitely in the discussion mix.'

Sept. 23, 2008 Takes part in a Goldman Sachs board conference call, concerning Berkshire Hathaway's $5 billion preferred stock investment in the firm. Sixteen seconds after the call, Mr. Gupta's assistant places a call to Mr. Rajaratnam, prosecutors said. The government alleges Galleon generated a profit of approximately $840,000 from the information.

Sept. 24, 2008 On a wiretapped phone call, Mr. Rajaratnam tells Ian Horowitz, a Galleon trader, about a call he got about a Goldman board meeting shortly before the markets closed on Sept. 23:

'No, I got a call at 3:58, right?' Mr. Rajaratnam
said. 'Yeah,' Mr. Horowitz said.
'Saying something good might happen to Goldman. Right?' Mr. Rajaratnam said.

Oct. 23, 2008 Participates in Goldman Sachs board conference call, concerning Goldman being on track to report its first quarterly loss since it went public in 1999. Approximately 23 seconds after the call, Mr. Gupta called Mr. Rajaratnam, prosecutors said. The government alleges that Mr. Rajaratnam avoided a loss of several million dollars.

Oct. 24, 2008 Mr. Rajaratnam, in a wiretapped conversation, discusses Goldman Sachs earnings with a Galleon employee:
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'I heard yesterday from somebody who's on the board of Goldman Sachs that they are going to lose $2 per share. The Street has them making $2.50.'

Jan. 29, 2009 Takes part in a P&G audit committee call discussing the company's earnings to be released the next day. Mr. Gupta calls Mr. Rajaratnam a few hours later, prosecutors said. Based on the information, the government alleges that Mr. Rajaratnam directed some Galleon funds to sell short approximately 180,000 shares of P&G common stock.

April 13, 2010 The Wall Street Journal reports that prosecutors were examining whether Mr Gupta gave inside information about Goldman Sachs to Mr. Rajaratnam.

May 7, 2010 Steps down from the Goldman Sachs board. Steps down from P&G in March 2011.

March 1, 2011 The SEC files a civil administrative proceeding against Rajat Gupta.

May 11, 2011 Mr. Rajaratnam found guilty on 14 counts of securities fraud and conspiracy.

Aug. 5, 2011 The SEC drops its civil administrative proceeding against Mr. Gupta after he files a lawsuit claiming he was singled out for treatment that differed from others in the Galleon probe.

Oct. 13, 2011 Mr. Rajaratnam sentenced to 11 years in prison.

Oct. 26, 2011 Mr. Gupta surrenders to the Federal Bureau of Investigation on criminal charges of leaking inside information to Mr. Rajaratnam. SEC also brings new civil insider-trading suit against Mr. Gupta.